17/07/2020

AeroVironment's Impressive Financial Results

AeroVironment Financials Flying High in the Drone World – link

Source: Drone Life

Article Headlines

  • The California-based company recently released financials for both the full year and fourth quarter ending April
  • Record fourth quarter and full year revenue of $135.2 million and $367.3 million — an increase of 54 percent and 17 percent year-over-year, respectively
  • Fourth quarter diluted earnings per share from continuing operations and non-GAAP diluted earnings per share from continuing operations of $0.73 and $0.75, an increase of 47 cents and 49 cents year-over-year, respectively
  • Record funded backlog of $208.1 million
  • Gross margin Q4, fiscal 2020 — $53.2 million, an increase of 44 percent from the fourth quarter of fiscal 2019’s gross margin of $37.0 million
  • Income from continuing operations for the fourth quarter of fiscal 2020 — $21.3 million, an increase of $16.2 million from the fourth quarter of fiscal 2019 income from continuing operations of $5.1 million
  • According to AeroVironment’s report, further growth is expected next year: “For fiscal 2021, the Company expects to generate revenue between $390 million and $410 million, operating margin of between 12 percent and 12.5 percent, and earnings per diluted share of $1.65 to $1.85. The Company expects non-GAAP earnings per diluted share, which excludes amortization of acquired intangible assets, to be between $1.74 and $1.94.”

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